Enjoy $300 as a new Chase checking customer, when you open a Chase Premier Plus CheckingSM account and set up direct deposit. This is our recommended Checking account for the added benefits. Full Review

Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities. Limited time only.
Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Limited time only.
Get a $200 Welcome Deposit for eligible new customers who open an HSBC Choice Checking account with qualifying activities. Limited time only.Member FDIC.

Get up to $350 when you open a new Chase Total Checking® account with Direct Deposit and/or open a new Chase SavingsSM account, deposit $10,000 or more in new money and maintain a $10,000 balance for 90 days. Full Review

Earn $200 when you open a new Chase Total Business Checking® account, deposit $1,000 in new money within 10 business days of account opening, maintain that balance for 60 days and complete five qualifying transactions within 60 days. Full Review

Open a new TD Bank Premier CheckingSM account online to earn a $300 bonus. Or, open a new TD Bank Convenience CheckingSM account online to earn a $150 bonus. Both offers have a direct deposit requirement. Full Review

Earn 25,000 loyalty bonus miles worth $250 each and every year with the Barclays Arrival® Premier World Elite Mastercard® when you spend at least $25,000 during the year. This card earns unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms.Full Review

Open an online Money Market Account from CIT Bank (available nationwide) and earn a 1.75% APY rate on all balances. There’s no monthly service charge and the minimum opening deposit is just $100. Full Review

Ally Invest has a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades for 90 days. Ally Invest is one of the best options for a low-cost stock broker. Full Review

Blue Federal Credit Union Offers Are Quite The Gimmick

By: Tony Phan | Last Updated: May 16, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

Editor Rating

Rated 2 stars

Poor

40%

Blue Federal Credit Union

Reviewed by: Tony Phan

Published on: February 13, 2018

Last modified: May 16, 2018

Blue Federal Credit Union offers some impressive rates on their Checking and Savings accounts. Unfortunately, the highest rates available are a bit of a gimmick, so don’t get too excited. On the plus side, accounts are available for nationwide application.

Established in 1951 and headquartered in Cheyenne, Wyoming, Blue Federal CU has nearly 15 locations in Colorado and Wyoming.

Membership Information:
Membership in Blue Federal Credit Union is open to anyone through joining the Blue Foundation ($5 opening deposit is your donation). Membership is also open to employees and base contractors at F. E. Warren Air Force Base, or through select employee groups. See current membership info.

I’ll review the offers below and you can decide if it’s worth taking a look.

Blue Federal CU’s Accelerated Savings Account Earns 4.99% APY!?

The rate with the Accelerated Savings account blows away rates provided by all the top banks, which would make it a no-brainer, correct? Well, that rate applies to balances up to only $1,000. That’s no typo. Balances of $1,000.01 or more will only earn 0.10% APY.

So, I obviously only recommend going for this account if for some reason you’re only going to invest less than $1,000. Otherwise, pick one of the many other top Savings accounts without such a ridiculously low maximum balance restriction on the highest rate. The list further down below will have much better options.

Earn a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit. Also earn a $150 bonus when you open a new Chase SavingsSM account, deposit a total of $10,000 or more in new money within 10 days & maintain a $10,000 balance for 90 days. Apply for both offers and get a $350 total bonus. Full Review

Get $300 when you open a new Chase Premier Plus CheckingSM account and set up direct deposit. This account has more features than the Chase Total Checking® and the monthly service fee can be waived with a few different requirement options. A $300 Checking bonus is one of the best offers from Chase Bank. Full Review

Earn $200 when you open a new Chase Total Business Checking® account, deposit $1,000 in new money within 10 business days of account opening, maintain that balance for 60 days and complete five qualifying transactions within 60 days. This is the most popular Business Checking offer.Full Review

Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review

Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities. Limited time only.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Limited time only.Get a $200 Welcome Deposit for eligible new customers who open an HSBC Choice Checking account with qualifying activities. Limited time only. Member FDIC.Earn up to 25,000 bonus miles worth $250 in travel every year with the Barclays Arrival® Premier World Elite Mastercard®. Without an initial sign-up bonus, this credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review

The HSBC Cash Rewards Mastercard® has a sign-up bonus of $150 when you spend at least $500 on purchases within the first 3 months of account opening. This credit card will also earn an ongoing 1.5% cash rewards rate on all purchases and has no foreign transaction fees. There is no annual fee with this card. Full Review

CIT Bank is offering a 1.75% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. Full Review

Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. Full Review

Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Full Review

You must qualify as a “Sapphire” member to earn this rate. How do you earn Sapphire status? Well, you’ll need to earn 9+ points with their Rewards For Life program. How do you earn the 9+ points?

Length of Relationship

Years of Membership

0-5 years

5-15 years

15+ years

Points Available

1 point

2 points

3 points

Product Points

Points Available

Any Checking

1

Any Investments at Blue Account

1

Any Money Market

1

Any Term Share

1

Any IRA

1

Any 1st Mortgage/Bridge Loan

1

Any 2nd Mortgage/HELOC/Finish

1

Any Auto/RV/Other Secured

1

Any Unsecured Loan/Line of Credit

1

Any Credit Card

1

So, there you have it. You can earn the 4.00% APY rate with the Extreme Checking account by simply being a member for 15 years, opening a Money Market Account, opening a CD account, opening an IRA account, opening a Mortgage account, opening a credit card account, and then opening an Extreme Checking account. Do all of that, and you’ll earn 4.00% APY on balances up to $15,000!

Get up to $350 when you open a new Chase Total Checking® account with Direct Deposit and/or open a new Chase SavingsSMaccount, deposit $10,000 or more in new money and maintain a $10,000 balance for 90 days.

Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities. Limited time only.

Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Limited time only.

Get a $200 Welcome Deposit for eligible new customers who open an HSBC Choice Checking account with qualifying activities. Limited time only.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. The information, including rates and fees, presented in the review is accurate as of the date of the review. Please refer to issuer website and application for the most current information. We may be paid for the content on this site.

Enjoy $300 as a new Chase checking customer, when you open a Chase Premier Plus CheckingSM account and set up direct deposit.

About Tony Phan

*These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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Enjoy $300 as a new Chase checking customer, when you open a Chase Premier Plus CheckingSM account and set up direct deposit. This is our recommended Checking account for the added benefits. Full Review

Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities. Limited time only.
Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Limited time only.
Get a $200 Welcome Deposit for eligible new customers who open an HSBC Choice Checking account with qualifying activities. Limited time only.Member FDIC.

Get up to $350 when you open a new Chase Total Checking® account with Direct Deposit and/or open a new Chase SavingsSM account, deposit $10,000 or more in new money and maintain a $10,000 balance for 90 days. Full Review

Earn $200 when you open a new Chase Total Business Checking® account, deposit $1,000 in new money within 10 business days of account opening, maintain that balance for 60 days and complete five qualifying transactions within 60 days. Full Review

Open a new TD Bank Premier CheckingSM account online to earn a $300 bonus. Or, open a new TD Bank Convenience CheckingSM account online to earn a $150 bonus. Both offers have a direct deposit requirement. Full Review

Earn 25,000 loyalty bonus miles worth $250 each and every year with the Barclays Arrival® Premier World Elite Mastercard® when you spend at least $25,000 during the year. This card earns unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms.Full Review

Open an online Money Market Account from CIT Bank (available nationwide) and earn a 1.75% APY rate on all balances. There’s no monthly service charge and the minimum opening deposit is just $100. Full Review

Ally Invest has a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades for 90 days. Ally Invest is one of the best options for a low-cost stock broker. Full Review

*Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card and banking companies from which MoneysMyLife.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MoneysMyLife.com does not include all credit card and banking companies or all available credit card and banking offers. • This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.